EOTT Won't Meet Filing Deadline

Published 9:00 pm, Sunday, April 14, 2002

EOTT Energy Partners, L.P. won't meet the Tuesday deadline to file its annual 10(k) report because it had to select a new auditor after Arthur Andersen withdrew as the company's independent accounting firm.

The company notified the Securities and Exchange Commission that PricewaterhouseCoopers LLP will be its new auditor and that the firm needs additional time to complete its 2001 audit.

Tuesday is the SEC's deadline to file annual reports under a 15-day extension.

Following the audit by PricewaterhouseCoopers, EOTT says it will file its complete annual 10(k) report. It expects the audit to be complete sometime next month.

Earlier this month, EOTT announced three independent directors had joined the board of its general partner, EOTT Energy Corp. The board's audit committee, along with PricewaterhouseCoopers, will complete the audit according to SEC and New York Stock Exchange rules and regulations, EOTT said in press release Monday.

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Shares of EOTT were down 26 cents, or 3.95 percent, to close at $6.32 in trading Monday on the New York Stock Exchange.